Brokerages Set Vicor Corporation (NASDAQ:VICR) Price Target at $118.33

Shares of Vicor Corporation (NASDAQ:VICR) have received an average rating of “Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $118.3333.

VICR has been the topic of several recent research reports. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Roth Mkm reissued a “buy” rating and set a $175.00 price target on shares of Vicor in a research report on Thursday, January 22nd.

Vicor Stock Performance

Shares of Vicor stock opened at $181.92 on Tuesday. Vicor has a 52-week low of $38.92 and a 52-week high of $209.53. The business’s 50 day simple moving average is $156.66 and its 200 day simple moving average is $101.75. The firm has a market cap of $8.12 billion, a PE ratio of 69.70 and a beta of 1.84.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The company had revenue of $362.70 million for the quarter, compared to the consensus estimate of $107.78 million. During the same period last year, the company earned $0.23 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year.

Insider Buying and Selling

In related news, VP Claudio Tuozzolo sold 4,643 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $197.85, for a total value of $918,617.55. Following the completion of the transaction, the vice president directly owned 23,544 shares of the company’s stock, valued at approximately $4,658,180.40. This trade represents a 16.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Quentin A. Fendelet sold 2,299 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $204.72, for a total transaction of $470,651.28. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 170,102 shares of company stock worth $21,648,868 in the last quarter. 31.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vicor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Vicor by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after buying an additional 60,963 shares during the period. Dimensional Fund Advisors LP raised its stake in Vicor by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after acquiring an additional 25,393 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after purchasing an additional 413,038 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after purchasing an additional 421,435 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Vicor by 39.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock worth $41,000,000 after purchasing an additional 106,206 shares during the period. Institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.